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Monthly Rent
$1,360 - $1,850
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Bedrooms
Studio - 2 bd
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Bathrooms
1 - 2 ba
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Square Feet
450 - 920 sq ft
Highlights
- Furnished Units Available
- Sauna
- Walk-In Closets
- Planned Social Activities
- Pet Play Area
- Fireplace
- Picnic Area
- Grill
- Property Manager on Site
Pricing & Floor Plans
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Unit C17price $1,360square feet 450availibility Now
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Unit A17price $1,360square feet 450availibility Dec 19
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Unit E32price $1,470square feet 580availibility Now
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Unit D21price $1,475square feet 580availibility Now
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Unit F30price $1,490square feet 580availibility Now
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Unit F27price $1,810square feet 580availibility Now
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Unit C35price $1,850square feet 920availibility Jan 28, 2026
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Unit C17price $1,360square feet 450availibility Now
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Unit A17price $1,360square feet 450availibility Dec 19
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Unit E32price $1,470square feet 580availibility Now
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Unit D21price $1,475square feet 580availibility Now
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Unit F30price $1,490square feet 580availibility Now
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Unit F27price $1,810square feet 580availibility Now
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Unit C35price $1,850square feet 920availibility Jan 28, 2026
Fees and Policies
The fees below are based on community-supplied data and may exclude additional fees and utilities. Use the Cost Calculator to add these fees to the base price.
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One-Time Basics
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Due at Application
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Application Fee Per ApplicantCharged per applicant.$25
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Due at Application
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Dogs
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Dog FeeCharged per pet.$300
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Dog RentCharged per pet.$40 / mo
Restrictions:Breed restrictions applyRead More Read LessComments -
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Cats
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Cat FeeCharged per pet.$300
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Cat RentCharged per pet.$40 / mo
Restrictions:Comments -
Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.
Details
Lease Options
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10 - 15 Month Leases
Property Information
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Built in 1977
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146 units/3 stories
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Furnished Units Available
Matterport 3D Tours
About Terrace on the Lake
Terrace on the Lake Apartment Homes offers comfortable, pet-friendly apartments in Anchorage, AK.Choose from studio, 1, or 2-bedroom apartments featuring modern kitchens with a full suite of appliances and ample counter space. Youll have convenient features, like in-unit laundry, ceiling fans, and large closets. Select apartments have dining areas, walk-in closets, and fireplaces. Our community amenities include on-site tennis courts, a fitness center, a soothing sauna, and a dog park. Our 24-hour emergency maintenance services and courtesy security patrol will give you peace of mind.Terrace on The Lake is near the Walter J. Hickel Parkway, offering an easy commute to anywhere in Anchorage. Youll live near Providence Hospital, Alaska Native Medical Center, Joint Base Elmendorf-Richardson, and the University of Alaska Anchorage. Outdoor attractions, like Bentzen Lake and the Chugach Mountains, are close to home. You belong at Terrace on the Lake Apartments in Anchorage, AK!
Terrace on the Lake is an apartment community located in Anchorage County and the 99517 ZIP Code. This area is served by the Anchorage attendance zone.
Unique Features
- Garbage Disposal*
- In-home Washer/Dryer
- On-Site Maintenance
- *In select homes
- Efficient Appliances
- Fireplace*
- On-Site Management
- * Select Apartments
- 24-Hour Emergency Maintenance
- Carpeting
- Ceiling Fans*
- Furnished Apartments Available*
- Microwave*
- Washer & Dryer In Each Home
- Package Receiving
- Night Patrol
- Online Payments & Service Requests
- Planned Social Activities/ Resident Events
- Barbecue/Grill Station
- Cardio Machines
- Complete Kitchen Appliance Package
- Energy Efficient Windows (Triple Paned)
- Fitness Center
- Large Closets
- Sauna
- Triple Pane Windows
- Walk-in Closets*
Community Amenities
Fitness Center
Furnished Units Available
Playground
Grill
- Maintenance on site
- Property Manager on Site
- 24 Hour Access
- Furnished Units Available
- Planned Social Activities
- Pet Play Area
- Corporate Suites
- Walk-Up
- Fitness Center
- Sauna
- Playground
- Courtyard
- Grill
- Picnic Area
- Pond
Apartment Features
Washer/Dryer
Air Conditioning
Dishwasher
Walk-In Closets
Microwave
Refrigerator
Tub/Shower
Disposal
Indoor Features
- Washer/Dryer
- Air Conditioning
- Heating
- Ceiling Fans
- Smoke Free
- Cable Ready
- Tub/Shower
- Fireplace
Kitchen Features & Appliances
- Dishwasher
- Disposal
- Kitchen
- Microwave
- Oven
- Range
- Refrigerator
- Freezer
Model Details
- Carpet
- Vinyl Flooring
- Dining Room
- Walk-In Closets
- Linen Closet
- Window Coverings
- Lawn
- Maintenance on site
- Property Manager on Site
- 24 Hour Access
- Furnished Units Available
- Planned Social Activities
- Pet Play Area
- Corporate Suites
- Walk-Up
- Courtyard
- Grill
- Picnic Area
- Pond
- Fitness Center
- Sauna
- Playground
- Garbage Disposal*
- In-home Washer/Dryer
- On-Site Maintenance
- *In select homes
- Efficient Appliances
- Fireplace*
- On-Site Management
- * Select Apartments
- 24-Hour Emergency Maintenance
- Carpeting
- Ceiling Fans*
- Furnished Apartments Available*
- Microwave*
- Washer & Dryer In Each Home
- Package Receiving
- Night Patrol
- Online Payments & Service Requests
- Planned Social Activities/ Resident Events
- Barbecue/Grill Station
- Cardio Machines
- Complete Kitchen Appliance Package
- Energy Efficient Windows (Triple Paned)
- Fitness Center
- Large Closets
- Sauna
- Triple Pane Windows
- Walk-in Closets*
- Washer/Dryer
- Air Conditioning
- Heating
- Ceiling Fans
- Smoke Free
- Cable Ready
- Tub/Shower
- Fireplace
- Dishwasher
- Disposal
- Kitchen
- Microwave
- Oven
- Range
- Refrigerator
- Freezer
- Carpet
- Vinyl Flooring
- Dining Room
- Walk-In Closets
- Linen Closet
- Window Coverings
- Lawn
| Monday | 10am - 6pm |
|---|---|
| Tuesday | 10am - 6pm |
| Wednesday | 10am - 6pm |
| Thursday | 10am - 6pm |
| Friday | 10am - 6pm |
| Saturday | Closed |
| Sunday | Closed |
Formerly its own city, Spenard is a large Anchorage neighborhood nestled between Hood Canal and Midtown. Spenard combines rugged outdoor adventures with elements of chic city living to create a unique community. If you're into the bohemian lifestyle, poetry jams, bicycle parties, and a diverse range of cultural festivals, start your search for some affordable Spenard housing today. Many choose Spenard for its close proximity to some of Anchorage's biggest natural and cultural attractions, but others choose apartments in Spenard for its world-class international cuisine and down-home Alaskan eateries. Containing part of the city's international airport, this community has grown into one of the most diverse neighborhoods in Anchorage.
Learn more about living in Spenard| Colleges & Universities | Distance | ||
|---|---|---|---|
| Colleges & Universities | Distance | ||
| Drive: | 10 min | 4.8 mi | |
| Drive: | 11 min | 5.2 mi | |
| Drive: | 12 min | 5.8 mi |
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by GreatSchools.org © 2025. All rights reserved.
Terrace on the Lake Photos
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Terrace on the Lake Apartments - Kitchen
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Studio, 1BA - 450 SF
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Terrace on the Lake Apartments - Kitchen
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Terrace on the Lake Apartments - Kitchen
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Terrace on the Lake Apartments - Laundry
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Terrace on the Lake Apartments - Livingroom
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Terrace on the Lake Apartments - Livingroom
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Terrace on the Lake Apartments - Livingroom
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Terrace on the Lake Apartments - Laundry
Models
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Studio
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1 Bedroom
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1 Bedroom
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2 Bedrooms
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2 Bedrooms
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Terrace on the Lake has units with in‑unit washers and dryers, making laundry day simple for residents.
Utilities are not included in rent. Residents should plan to set up and pay for all services separately.
Terrace on the Lake has studios to two-bedrooms with rent ranges from $1,360/mo. to $1,850/mo.
Yes, Terrace on the Lake welcomes pets. Breed restrictions, weight limits, and additional fees may apply. View this property's pet policy.
A good rule of thumb is to spend no more than 30% of your gross income on rent. Based on the lowest available rent of $1,360 for a studio, you would need to earn about $49,000 per year to qualify. Want to double-check your budget? Try our Rent Affordability Calculator to see how much rent fits your income and lifestyle.
Terrace on the Lake is offering Specials for eligible applicants, with rental rates starting at $1,360.
Yes! Terrace on the Lake offers 4 Matterport 3D Tours. Explore different floor plans and see unit level details, all without leaving home.
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
What is a Sound Score Rating?
A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources
2421 Bentzen Cir
Anchorage, AK 99517